21Ventures invests $3 million in Agent Video Intelligence

21Ventures, a U.S. investment company comprised of American financiers, announced today that it has invested $3 million in surveillance software company Agent Video Intelligence, Inc. in a B financing round. This brings the 21Ventures investment in Agent Vi to at total of $13 million. 21Ventures is the lead investor in the company.

 

"We have built a solid foundation across the globe with our software systems and have consequently achieved significant product validation. With success, however, comes a rise in customer needs and requirements. The investment today will support an increase in the sales and marketing teams in Asia, Europe, as well as in North and South America in order to meet these demands," said Mr. David Anthony, managing partner of 21Ventures and a member of the Agent Vi Board of Directors.

Agent Vi (www.agentvi.com), with its patented Image Processing over IP (IPoIP)(TM) video surveillance software, offers the only enterprise-grade solution in video intelligence and video content analysis technology. Founded in 2003, Agent Vi is the first company to provide embedded and distributed artificial-intelligence video analytics software with the low bandwidth required by video surveillance networks to support extremely large numbers of distributed cameras, and at the lowest industry cost.

"The power of Agent Vi lies in its simplicity: while other vendors struggle with a proprietary mix of hardware and custom algorithms, our software is completely open and distributed. We have written the Agent to be flashed onto virtually any processing platform in the video universe. Our growth reflects this pervasiveness: in the last eighteen months alone, we fielded deployments in more than twenty-three countries and to more than seventy unique customers," said Mr. Buddy Flerl, CEO of Agent Vi.

About 21Ventures

21Ventures is a venture capital enterprise which invests in and develops seed and early stage Israeli technology companies, an exercise, it believes, is crucial to the future health of the Israeli economy. The mandate of 21Ventures is to fill in the gap between monies awarded at a company's infancy and those infused when a company has graduated to late stage. 21Ventures is structured in a novel way. Investors are presented with opportunities on a case by case basis and determine how much, if at all, they would like to invest in a particular prospect. 21Ventures does not take a management fee. Currently 21Ventures has invested in 15 companies and has more than $45 million dollars at work. For more information about 21Ventures, please visit www.21ventures.net. To schedule an interview with Managing Partner Mr. David Anthony, please contact media liaison Marjie Hadad at +972-54-536-5220; at US number (646) 335-0269 or e-mail: marjie@netvision.net.il.